Newscast

Old Newscast: The Global Financial Crash, 2008 (Part 1)

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Apr 20, 2025
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ANECDOTE

Lehman Collapse Shock Revealed

  • The collapse of Lehman Brothers was shockingly sudden and symbolic of deep financial excess.
  • Bankers were seen leaving with cardboard boxes, putting a human face to the crisis.
INSIGHT

Financial Crises Speed Up Today

  • Financial crises follow similar patterns but arrive faster due to the internet.
  • Public panic spreads rapidly because of constant televised news coverage.
INSIGHT

Lehman Bailout Refusal Shocked Market

  • Financial authorities wrongly believed Lehman Brothers would be saved to avoid disaster.
  • The refusal to bail it out shocked people and revealed massive systemic risk.
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